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<p>[QUOTE=&quot;medoraman, post: 3016762, member: 26302&quot;]An economist would point out taking broad measures of money in circulation versus a finite item like ounces of gold is a complete mismatch. Fractional deposits do not need to be accounted for by total ounces of gold, nor promissory notes, etc. In fact, this is the basis of the idea of fractional deposit banking. </p><p><br /></p><p>I am not in favor of tying our economy to any one commodity either, just pointing out your comparison is not really valid. I am sure it could be done without gold being valued at $20,000 an ounce, but would agree it should not be done.</p><p><br /></p><p>The idea that currency is no longer a store of value I can get, and am ok with it. Although to many here, that is exactly why they object to no backing of modern currency. My main issue is governmental oversight, and why governments are given permission to have total control and visibility of people&#039;s spending.&nbsp; It is the loss of Liberty and privacy that upsets me.[/QUOTE]</p><p><br /></p>

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